Juan Sotolongo & Jesse Spencer Of Compass Broker $2.61M Multifamily Sale In Wynwood Norte
SOLD
Florida
See Similar DealsMultiFamily5,574 SF
Sold 05/15/2024
SOLD
Juan Sotolongo & Jesse Spencer Of Compass Broker $2.61M Multifamily Sale In Wynwood Norte
268 Northwest 34th Street
See Similar DealsMultiFamily5,574 SF
Sold 05/15/2024
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$468
Total Square Footage:5,574 SF
Transaction Type:Sale
The multifamily property located at 268 Northwest 34th Street in Wynwood Norte was sold for $2,610,000. This property comprises 10 units with a total area of 5,574 square feet, resulting in a price per unit of $261,000 and a price per square foot of $468.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,610,000
- Units: 10
- Price per Unit: $261,000
- Square Footage: 5,574
- Price per Square Foot: $468
- Address: 268 Northwest 34th Street
- Market: Wynwood Norte
The sale of this property was facilitated by Juan Sotolongo and Jesse Spencer from Compass, who represented the parties involved in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$139,200.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,272.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,372.73
Annual Debt Service$148,472.78
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